Sanad, airberlin Expand Engine Leasing Agreement

Mubadala Aerospace engine financing and leasing subsidiary Sand Aero Solutions has expanded its engine leasing agreement with airberlin, adding three new CFM-56 engines under a new sale and leaseback agreement.

The agreement adds to Sanad’s existing portfolio of 11 spare engines, and allows airberlin to meet its operational needs, the company said.

“The addition of three engines to our existing pool will ensure that we can optimize the operation of our Airbus and Boeing aircraft, and also allow us the flexibility to invest where needed,” said Ulf Hüttmeyer, chief financial officer at airberlin. More